S&P 500 - Triple Screen 'Technical Analysis' - Déjà vu? - Week 1 of February 2015.

Learning from last Week:  (click here for the previous post)


Patterns:

• Bear hope stay up, after the last three Monthly Candles now make a 'Three Inside Down' - #M1.
• Index closes below the 5 EMA on the Monthly Charts, after about 3 years - see pink arrow #M3 - and cause of the Déjà vu.

Support & Resistance:

• Bulls close the index just above the MVWAP 34  on the EOW #W1 -  Bears manage a close below the long term 5 EMA #M1 - after around 3 years above it.

Moving Averages:  

• 5 EMA and 13 SMA, on the medium term screen remains Bearishly Crossed  #W1.

Indicators:

• RSI 13 slides below the 50s #W2.

Wrap:

Bears trigger a Long Term Three Inside Down #M1.

Bulls hold on, above the medium term MVWAP 34 #W1.

Looking forward into this Week:

Patterns:

• Bears produce a 'Three Inside Down' #M1 on the Long Term Screen (Study Links here, here or elsewhere).
• A failed 'Three inside down', which we studied about three years ago (here and here) - was seen when the Index slipped below the 5 EMA last time (pink arrow #M3). Exact set-up seen now - so that is worth a study #M1.

Support & Resistance: 

• MVWAP 34 on the EOW #W1 and the Monthly 13 SMA (1962), are supports the Bulls look to keep above, this week.
• 2013 (5 EMA on the Month Chart #M1) is a key resistance, which Bears would want to stay below.

Moving Averages:

• The 5 EMA and 13 SMA on the Medium Term Charts stay crossed bearishly as long as the index is below 2098 #W1.

Indicators:

• TSI, slipping below the 76.4% Fibonacci retrace, cheers the Bears #M2.

Wrap:

Bulls hope History would repeat itself, and another Bull run would emanate from the current set-up #M1.
Bears seek to use their advantage this time, and keep below the 5 EMA on the Long Term Charts #M1.

The Dow Jones - Ichimoku Study - Back in Range - Week 1 of February 2015.

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the earlier Study: (click here for the post)

Index slips below the Tenkan Sen into the 'Tenkan Sen to Kijun Sen' range #W2.
Tenkan Sen and Kijun Sen flat and gap steady #W2.
Senoku Span A & B gap flat #W3.
Chikou Span close to Price line #W1.


Wrap: Bears bring index below the Tenkan Sen  #W2.




Looking Forward into this Week:

Bears aim for a journey back to the Kumo #W2.
Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
Chikou Span Cross/Deflection of the Index can show direction going forward #W2.


Wrap: Bulls look to get above the Tenkan Sen, the Bear's target life below the Kijun Sen Sen #W2. Both look to break out of the current range.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Channel Top (about time) - Week 1 of February 2015.

Learning from last Week: (click here for the previous post)

Patterns:

• Index reaches the Top of the Weekly Channel - we have been waiting on this channel from April 2014 (post) #W1. 
• Bulls pull index up to  a new ATH in Jan'15, engulfing the Dec'14 candle #M1.

Support & Resistance:

• Bears get their wish as the Index closes below the 5 EMA on the Day Chart #D1.
• Bulls return, from the R2 on the Jan 2015 pivot #M1.

Moving Averages: 

• The critical 5 EMA and 13 SMA on the EOW, stay crossed Bullishly #D1.

Indicators:

• STS stays in the over bought #W2.

Wrap:

Bulls after meeting the mark R2 on the January Pivot, fall hard, to below the Daily 5 EMA #M1. 
Bears hold off Index, at the Weekly Channel's Top #W1.

Looking Forward into this Week:

Patterns:

• Channel Top resistance of the Medium Term Channel, perks up Bear hopes #W1.
• 'Bullish Engulfing' on the Long Term Charts, becoming a Three Outside Up (Study Links here, here or elsewhere) to be watched for #M1.

Support & Resistance:

• Index resistances that the Bulls would want to get above this week, are the current ATH (8997) and the Wall for February 8952.
• Support Levels that the Bears would love to get below, are 8623 (5 EMA on the Weekly Charts) and 8456 (13 SMA on the Weekly Charts).

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on - these MA's are currently steady #D1.

Indicators:

• STS, staying above the overbought line, demonstrates the Bull domination of the Medium and Long Term Screens #W2.

Wrap :

Staying below the Daily 5 EMA, Bears seek to get stronger and get back some more lost ground.
Bulls look forward to a Three Outside Up triggering, with a February Close above 8809 #M1.

BSE Sensex - Ichimoku Study - Breakout Pause - Week 1 of February 2015.

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the Earlier Study: (click here for the post)

Index  after improving on last ATH - goes red for a pause #W2.
Senkou Span A & B - gap steady and rising #W3.
The gap between Tenkan Sen and Kijun Sen steady and the lines also climb #W2


Wrap: Index post breaks out, from the range, around the Tenkan Sen and the Kijun Sen - makes a pause #W2



Looking Forward into this Week:

A Bearish, Chikou Span cross with Price line, at current altitude, will need a few more months #W1.
Bears seek to get the Kijun Sen above the Tenkan Sen and take out the last Index low #W2.


Wrap: Bulls Seek new All Time Highs (ATH), whereas Bears look at moving the index below the 'Tenkan Sen - Kijun Sen' range #W2.